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Canadian Business Growth Fund

Founders George Rossolatos

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Investments

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 41
Average round size
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The average size of a deal this fund participated in
$18M
Portfolio companies 29
Rounds per year 8.20
Lead investments 10
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.29
Exits 2
Key employees 4
Stages of investment
Late Stage Venture

Areas of investment

  • Software
  • Information Technology
  • CRM
  • Health Care
  • Financial Services
Summary

Canadian Business Growth Fund appeared to be the VC, which was created in 2018. The venture was found in North America in Canada. The main office of represented VC is situated in the Toronto.

Moreover, a startup needs to be at the age of 6-10 years to get the investment from the fund. The fund has no exact preference in some founders of portfolio startups. In case when startup counts 3 or 4 of the founder, the chance for it to get the investment is meager. Among the various public portfolio startups of the fund, we may underline Appnovation, Mobile Klinik, Vendasta Technologies We can highlight the next thriving fund investment areas, such as Content, Consumer Goods. For fund there is a match between the location of its establishment and the land of its numerous investments - Canada.

When the investment is from Canadian Business Growth Fund the average startup value is 100-500 millions dollars. Deals in the range of 10 - 50 millions dollars are the general things for fund. The high activity for fund was in 2019. The real fund results show that this VC is 80 percentage points more often commits exit comparing to other companies. The fund is constantly included in 2-6 investment rounds annually.

The usual cause for the fund is to invest in rounds with 2-3 partakers. Despite the Canadian Business Growth Fund, startups are often financed by Vanedge Capital, BDC Venture Capital, Western Innovation (WINN) Initiative. The meaningful sponsors for the fund in investment in the same round are Vanedge Capital, SaskWorks Venture Fund, Comporium.

The current fund was established by George Rossolatos.

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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Felix Health

Health Care
$14M05 Apr 2023 Old Toronto, Ontario, Canada

MaxSold Incorporated

$21M23 Mar 2022 Córdoba, Argentina

ShopperPlus

Consumer Goods
E-Commerce
Retail
$15M02 Sep 2021 Vaudreuil, Quebec, Canada

MaxSold Incorporated

23 Feb 2021 Córdoba, Argentina

Prodigy Education

Children
Education
Gaming
$126M12 Jan 2021 Oakville, Ontario, Canada

Busbud

Apps
Software
Transportation
Travel
$11M29 Sep 2020 Montreal, Quebec, Canada

MaxSold Incorporated

$3M11 Mar 2020 Córdoba, Argentina

Vendasta Technologies

Computer
CRM
Marketing Automation
Software
$31M17 Jul 2019 Saskatoon, Saskatchewan, Canada

Mobile Klinik

Consumer
Consumer Goods
Mobile Devices
Service Industry
$21M17 May 2019 Canada, Ontario
News
Cold Bore Technology Closes $14M Financing

– Cold Bore technology closed $14m in growth financing.
– The round was led by bp ventures with participation from the Canadian Business Growth Fund.
– Existing investors include the Rice Investment Group, a $200m multi-strategy, energy sector investment fund.
– Cold Bore is leading a major shift in the completions (fracing) industry towards safer, more autonomous operations by providing oil & gas companies (operators) with a centralized digital platform called SmartPAD.
– SmartPAD is an end-to-end, fully integrated software and hardware platform designed to collect, analyze, and report data which would otherwise be underutilized.
– Better utilization of this data unlocks operators’ ability to make step-change improvements across all key performance indicators.

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Total investments 41
Average round size 18M
Rounds per year 8.20
Peak activity year 2021
Lead investments 10
Follow on index 0.29
Exits 2
Group Appearance index 0.56

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Felix Health

Health Care
$14M05 Apr 2023 Old Toronto, Ontario, Canada

MaxSold Incorporated

$21M23 Mar 2022 Córdoba, Argentina

ShopperPlus

Consumer Goods
E-Commerce
Retail
$15M02 Sep 2021 Vaudreuil, Quebec, Canada

MaxSold Incorporated

23 Feb 2021 Córdoba, Argentina

Prodigy Education

Children
Education
Gaming
$126M12 Jan 2021 Oakville, Ontario, Canada

Busbud

Apps
Software
Transportation
Travel
$11M29 Sep 2020 Montreal, Quebec, Canada

MaxSold Incorporated

$3M11 Mar 2020 Córdoba, Argentina

Vendasta Technologies

Computer
CRM
Marketing Automation
Software
$31M17 Jul 2019 Saskatoon, Saskatchewan, Canada

Mobile Klinik

Consumer
Consumer Goods
Mobile Devices
Service Industry
$21M17 May 2019 Canada, Ontario
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